When Processing Revenue for an Unknown Van Line Chargeback

 

The following transactions will be generated for the example above:

 

1

Enter Van Line Revenue and Accounts Receivable

 

2

Enter  Chargeback from Van line

 

3

Enter Payment form the Van Line

 

4

Enter Customer Receivable

 

 

 

 

 

Accounts Receivable

 

Van Line Rebill Chargeback Clearing Account

4)  10,000

 

 

 

 

 

 

Van Line Revenue

 

Van Line Receivable

 

1)   1,500

 

1)    1,500

4)  10,000

 

 

 

2)  10,000

3)    1,500

 

Van Line Clearing Account

 

Cash Account

3)   1,500

2) 10,000